Brazil's Bolsonaro confirms will participate in Davos

In early November, Bolsonaro said he meant to follow the example of US President Donald Trump and move Brazil's embassy to Jerusalem.

Retired Army General Augusto Heleno, Bolsonaro's security adviser, said that the president is planning to follow the US' lead in moving the embassy to Jerusalem, but that "logistical considerations" were in the way, Reuters reported on Thursday. Heleno added he did not think Brazil would face any issues with Arab nations, which oppose the move and are major buyers of Brazilian meat.

"The decision is taken; it's only a matter of when it will be implemented", he said in an interview to SBT television.

Brazilian President Jair Bolsonaro expressed doubts on Friday over the merger between Brazilian aviation company Embraer and USA company Boeing, which has been in talks since past year, Xinhua reports.

The newly inaugurated leader also said he is concerned that the latest proposal for the sale of 80 percent of Embraer's commercial aviation business to Boeing could ultimately lead to the USA planemaker owning all of the new venture.

"To the contrary, I think it was very propitious and compatible with what is happening", he said after meeting Bolsonaro.

Bolsonaro, who has expressed nostalgia for the 1964-1985 military dictatorship that ruled Brazil with the approval of the United States, said that the country's armed forces had been "abandoned" over the past two decades because "they are the last obstacle to socialism".

Bolsonaro has also unveiled plans to raise the minimum wage to a rate lower than that which was recommended by Michel Temer's outgoing government, bringing it to about $260 per month-eight dollars less than previously planned.

The Justice Ministry previously handled demarcation of indigenous lands through the FUNAI agency, which also oversees other initiatives for indigenous groups such as health care, housing and language preservation.

Bolsonaro's conservative Social Liberal Party has only a tenth of the seats in the 513-member Chamber of Deputies, and the president will be relying on lawmakers from several parties reflecting his base to back him. Brazilian markets soared on promises to shrink government. The security measures were similar to those that are seen during presidential inaugurations in the U.S.

The president claimed that privatizing airports and ports would raise initial investments of 7 billion reais ($1.85 bn). He did not give further details.

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